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CASH BUDGET

YEAR 1
Particular JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC
Opening Cash ### ### ### ### ### ### ### ### ### ### ### ###
Add: Sales ### ### ### ### ### ### ### ### ### ### ### ###
TOTAL CASH ### ### ### ### ### ### ### ### ### ### ### ###
Less: Payments
Materail Cost ### ### ### ### ### ### ### ### ### ### ### ###
Rent* ### ### ### ### ### ### ### ### ### ### ### ###
Fixed Cost ### ### ### ### ### ### ### ### ### ### ### ###
INTEREST (18%) (3,750) (3,750) (3,750) (3,750) (3,750) (3,750) (3,750) (3,750) (3,750) (3,750) (3,750) (3,750)
EBT ### ### ### ### ### ### ### ### ### ### ### ###
TAX (6%) (2,938) (2,938) (2,938) (2,938) (2,938) (2,938) (2,938) (2,938) (2,938) (2,938) (2,938) (2,938)
NET CASH ### ### ### ### ### ### ### ### ### ### ### ###

CASH FLOW
YEAR 1
Particular JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC
SALES ### ### ### ### ### ### ### ### ### ### ### ###
Less: VC** ### ### ### ### ### ### ### ### ### ### ### ###
Less: FC ### ### ### ### ### ### ### ### ### ### ### ###
Less: Dep (6,667) (6,667) (6,667) (6,667) (6,667) (6,667) (6,667) (6,667) (6,667) (6,667) (6,667) (6,667)
EBT 10,226 13,436 16,565 20,221 17,503 11,911 11,599 11,599 14,777 18,396 21,887 25,995
LESS: TAX(6%) (3,398) (3,398) (3,398) (3,398) (3,398) (3,398) (3,398) (3,398) (3,398) (3,398) (3,398) (3,398)
EAT 6,828 10,038 13,167 16,823 14,105 8,513 8,201 8,201 11,379 14,998 18,489 22,597
Add: DEP 6,667 6,667 6,667 6,667 6,667 6,667 6,667 6,667 6,667 6,667 6,667 6,667
OCF**** 13,495 16,705 19,834 23,490 20,772 15,180 14,868 14,868 18,046 21,665 25,156 29,264

*See Table 3 for Rent Payments


**Variable Cost
***Fixed Cost
****Operating Cash Flow
INCOME STATEMENT
YEAR 1
Particular JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC
SALES ### ### ### ### ### ### ### ### ### ### ### ###
Less: COGS ### ### ### ### ### ### ### ### ### ### ### ###
GROSS PROFIT 47,893 51,103 54,532 58,188 55,776 50,184 50,184 50,184 53,680 57,299 61,115 65,223
LESS: OP EXPENSES
Fixed Cost ### ### ### ### ### ### ### ### ### ### ### ###
Variable Cost ### ### ### ### ### ### ### ### ### ### ### ###
LESS: DEP (6,667) (6,667) (6,667) (6,667) (6,667) (6,667) (6,667) (6,667) (6,667) (6,667) (6,667) (6,667)
EBIT 10,226 13,436 16,565 20,221 17,503 11,911 11,599 11,599 14,777 18,396 21,887 25,995
LESS: INTEREST (3,750) (3,750) (3,750) (3,750) (3,750) (3,750) (3,750) (3,750) (3,750) (3,750) (3,750) (3,750)
EBT 6,476 9,686 12,815 12,815 13,753 8,161 7,849 7,849 11,027 14,646 18,137 22,245
LESS: TAX (920) (920) (920) (920) (920) (920) (920) (920) (920) (920) (920) (920)
EAT 5,556 8,766 11,895 11,895 12,833 7,241 6,929 6,929 10,107 13,726 17,217 21,325
YEARLY
###
###
###

(827,088)
(189,244)
(192,000)
(45,000)
###
(35,256)
###

YEARLY
###
###
(192,000)
(80,004)
194,115
(40,776)
153,339
80,004
233,343
YEARLY
###
(827,088)
655,363
-
(192,000)
(16,892)
(80,004)
194,115
(45,000)
145,458
8,728
134,418
CASH BUDGET
YEAR 2
Particular PKR
Opening Cash 293,863
Add: Sales 2,090,888
TOTAL CASH 2,384,751
Less: Payments
Materail Cost ###
Rent (236,561)
Fixed Cost (204,000)
INTEREST (18%) (32,404)
EBT 620,714
TAX (6%) (37,243)
NET CASH 583,471

CASH FLOW
YEAR 2
Particular PKR
SALES 2,090,888
Less: VC ###
Less: FC (204,000)
Less: Dep (80,004)
EBT 279,251
LESS: TAX(6%) (16,755)
EAT 262,496
Add: DEP 80,004
OCF 342,500

INCOME STATEMENT
YEAR 2
Particular PKR
SALES 2,090,888
Less: COGS ###
GROSS PROFIT 799,816
LESS: OP EXPENSES
Fixed Cost (204,000)
Variable Cost (236,561)
LESS: DEPRICATION (80,004)
EBIT 279,251
LESS: INTEREST (45,000)
EBT 234,251
LESS: TAX (14,055)
EAT 220,196
CASH BUDGET
YEAR 3
Particular PKR
Opening Cash 583,471
Add: Sales 2,634,090
TOTAL CASH 3,217,561
Less: Payments
Materail Cost ###
Rent (317,014)
Fixed Cost (216,000)
INTEREST (18%) (17,540)
EBT 965,194
TAX (6%) (57,912)
NET CASH 907,282

CASH FLOW
YEAR 3
Particular PKR
SALES 2,634,090
Less: VC ###
Less: FC (216,000)
Less: Dep (80,004)
EBT 319,258
LESS: TAX(6%) (19,155)
EAT 300,103
Add: DEP 80,004
OCF 380,107

INCOME STATEMENT
YEAR 3
Particular PKR
SALES 2,634,090
Less: COGS ###
GROSS PROFIT 932,276
LESS: OP EXPENSES
Fixed Cost (216,000)
Varaible Cost (317,014)
LESS: DEPRICATION (70,080)
EBIT 329,182
LESS: INTEREST (45,000)
EBT 284,182
LESS: TAX (17,051)
EAT 267,131
NPV & IRR
YEAR 1, 2 & 3
Year CF DF(18%) DF Amount DF(35%) DF Amount DF(35%) DF Amount
1 ### 1 (500,000) 1.0000 (500,000) 1.0000 (500,000)
2 233,343 0.8475 197,748 0.7246 169,089 0.7407 172,847
3 342,500 0.7182 245,978 0.5251 179,847 0.5487 187,929
380,107 0.6086 231,345 0.3805 144,633 0.4064 154,491
175,071 (6,431) 15,267

NPV 175,071 at 18%


IRR Err:523